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Global Luxury Travel Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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  • 188 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5635985

The key drivers of rising luxury travel include inclination of people toward unique and exotic holiday experiences, increase in the disposable income & related expenditure

The Global Luxury Travel Market is estimated to be USD 1072.33 Bn in 2023 and is expected to reach USD 1811.01 Bn by 2028 growing at a CAGR of 11.05%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Luxury Travel Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Luxury Travel Market is segmented based on Types of Tour, Age Group, Type of Traveler, and Geography.
  • By Types of Tour, the market is classified into Customized and Private Vacations, Adventure & Safari, Cruise/Ship Expedition, Small Group Journey, Celebration and Special Events, and Culinary Travel and Shopping.
  • By Age Group, the market is classified into Millennials, Generation X, Baby Boomers, and Silver hair.
  • By Type of Traveler, the market is classified into Absolute Luxury, Aspiring Luxury, and Accessible Luxury.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Abercrombie & Kent USA, Butterfield & Robinson, Cox and Kings, Kensington Tours, Micato Safari, Scott Dunn, Tauck, Thomas Cook, Travcoa, TUI Group, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Luxury Travel Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Luxury Travel Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Growing Inclination of People Towards Unique and Exotic Holiday Experiences
4.1.2 Growing Middle and Upper Middle Class Spending
4.1.3 Growing Trend of Online Bookings
4.2 Restraints
4.2.1 Effect by Natural Parameters
4.3 Opportunities
4.3.1 Emerging New Destinations
4.3.2 Demand for Enhanced Service Standards
4.4 Challenges
4.4.1 Varying Socio-Economic Conditions
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Luxury Travel Market, By Types of Tour
6.1 Introduction
6.2 Customized and Private Vacations
6.3 Adventure & Safari
6.4 Cruise/Ship Expedition
6.5 Small Group Journey
6.6 Celebration and Special Events
6.7 Culinary Travel and Shopping
7 Global Luxury Travel Market, By Age Group
7.1 Introduction
7.2 Millennials
7.3 Generation X
7.4 Baby Boomers
7.5 Silver hair
8 Global Luxury Travel Market, By Type of Traveler
8.1 Introduction
8.2 Absolute Luxury
8.3 Aspiring Luxury
8.4 Accessible Luxury
9 Americas’ Luxury Travel Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas
10 Europe’s Luxury Travel Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe
11 Middle East and Africa’s Luxury Travel Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA
12 APAC’s Luxury Travel Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Abercrombie & Kent USA
14.2 Backroads
14.3 Black Tomato
14.4 Butterfield & Robinson
14.5 Cox and Kings
14.6 Exodus Travels
14.7 Kensington Tours
14.8 Ker & Downey
14.9 Lindblad Expenditions
14.10 Micato Safari
14.11 Scott Dunn
14.12 Tauck
14.13 Thomas Cook
14.14 Travcoa
14.15 TUI Group
14.16 Zicasso
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Abercrombie & Kent USA
  • Backroads
  • Black Tomato
  • Butterfield & Robinson
  • Cox and Kings
  • Exodus Travels
  • Kensington Tours
  • Ker & Downey
  • Lindblad Expenditions
  • Micato Safari
  • Scott Dunn
  • Tauck
  • Thomas Cook
  • Travcoa
  • TUI Group
  • Zicasso

Table Information